Overview
What is Mmm Roseland Inc?
Mmm Roseland Inc is a nonprofit organization established in Conroe, Texas, specifically at 21059 Blair Road, 77385. Their primary mission is to own and manage an apartment project, consisting of 138 units distributed in 69 duplex buildings. Notably, 28 of these units are reserved for very low-income families, in accordance with a land use agreement. The organization employs a team of six individuals to ensure the successful operation of this project.
Is Mmm Roseland Inc legitimate?
Mmm Roseland Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Mmm Roseland Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $229,395
For more financial information, click here
What is the mission statement of Mmm Roseland Inc?
Mmm Roseland Inc's mission involves owning and operating an apartment project comprising 138 units, primarily in the form of 69 duplex buildings. A significant portion of this project is dedicated to providing affordable housing, with 28 units specifically set aside for families with very low income. This is in compliance with a land use restriction agreement. The organization's primary goal is to manage and operate this apartment project, ensuring that the designated low-income units are made available to eligible tenants.
Who is the CEO of Mmm Roseland Inc?
Homer Allison is the President of Mmm Roseland Inc.
What is the revenue of Mmm Roseland Inc?
Mmm Roseland Inc's revenue in 2022 was $1,373,390.
Who are the executives of Mmm Roseland Inc and what are their salaries?
The average compensation at Mmm Roseland Inc during 2022 was $38,232. There are 6 employees at Mmm Roseland Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $87,200
- Other: $0
- Compensation: $0
- Related: $76,861
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Mmm Roseland Inc?
Mmm Roseland Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mmm Roseland Inc
Mmm Roseland Inc, a nonprofit organization, is committed to owning and operating an apartment project comprising 138 units, primarily in the form of 69 duplex buildings. A significant portion of this project is dedicated to providing affordable housing for very-low income families. Specifically, 28 units within the complex are earmarked for lease to families falling under this income bracket, in adherence to a land use restriction agreement. This initiative by Mmm Roseland Inc aims to contribute to the housing needs of these economically disadvantaged families, thereby promoting social equality and affordable living solutions.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Mmm Roseland Inc significantly contributes to the local community in Conroe, Texas, by providing affordable housing options for very low-income families. With its 138-unit apartment project composed of 69 duplex buildings, it plays a crucial role in addressing the housing needs of a vulnerable population. The organization ensures that 28 of these units are dedicated specifically for very low-income tenants, which is vital in a landscape where affordable housing is often in short supply.
By maintaining these rental units, Mmm Roseland Inc not only fosters stability for families who may otherwise struggle to find safe and affordable living conditions but also positively impacts the overall community. The presence of secure housing enables residents to focus on other aspects of their lives, such as education and employment, which can lead to enhanced community development and improvement. Overall, Mmm Roseland Inc embodies a commitment to community improvement through its vital housing initiatives.
This information is meant to be a general summary of Mmm Roseland Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,654
- Program Service Revenue: $1,370,736
- Gross Receipts: $1,373,390
Assets and Liabilities:
- Total Assets: $3,042,511
- Total Liabilities: $3,513,394
- Net Assets: -$470,883
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,318,269
TENANT CHARGES
Revenue
$41,242
RENTAL ASSISTANCE
Revenue
$11,225
Organization Details
Founding Year
1994
Phone
(281) 298-7999Principal Officer
Homer Allison
Main Address
21059 BLAIR ROAD, CONROE, TX, 77385
NTEE Category
Code: S47 - Community improvement
If you are a representative of Mmm Roseland Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.